Getting mortgages with 0% percent deposit

If you're a first time buyer and you're looking to finance your dream home, then you've probably ran into a brick wall when it comes to getting a mortgage. More and more financial institutions are shying away from offering 100% mortgages, but that doesn't mean there isn't 0% mortgages out there, you just need to know where to look!

The housing market right now is deflating at a steady rate, making houses a more and more attractive purchase. However, banks and other lenders are generally only willing to give out 85-90% LTV (Loan to value of property) mortgages, meaning you're going to be stumped unless you can find the remaining 10-15% yourself. A no deposit mortgage is likely to be your only answer.

The main online provider of no deposit mortgages in the UK is the Homebuyers Advice Centre, with their website at - http://www.hacmortgages.co.uk/no_deposit_mortgages.htm well worth a look. The Homebuyers Advice Centre are more than willing to entertain the idea of a no-deposit mortgage, and they'll even hear you out if you have a bad credit history, or you've been turned down by other mortgage providers. They are even willing to include the Stamp Duty and legal fees in the mortgage so you have more money to set up house.

They can provide this service thanks to the fact they act as a broker and take on numerous small mortgages on your behalf from various providers, before passing them all on to you in one big package.

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